The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1887-07-29
BUSINESS OUTLOOK.
Carefully Prepared Reports show a Favo
ahIe State of Trade

streets report an increased NUMBER OF
favOring busineiss conditions at the more
important trade centers, notably at Phila-
delphia, where autumn trading has begun
in dry goods, and at New York, where
similar reports are made, the chief stimu-
lus to a portion of the heavier movement
Deing the new ruling of the trunk line
commission on the classification of cotton
Soods. At st. Louis business is very good
for the season, there being an excellent
after-harvest demand in the country trlbu-
tary thereto. The sales of dry goods and
hardware are heavier at ST. Joseph and the
fall demand is pronounced. Trade at Den
yer is reported at over twenty-five per cent.
in excess of July, 1886.
Kansas City is building as actively as
ever, and sending out more staple grocer
les than previously, though trade there in
dry goods and grain is less than week
ago. There are "A few complaints Of the eff
fects of hot weather on general trade, par
ticularly at Cincinnati, Pittsburgh, and
Dallas. Business at Galveston is Temporal
rily depressed by the failure of a large cot
ton firm, but crop prospects in that region
are good.
Crop reports telegraphed to Bradstreet's
are favorable tor cotton and rice. The
bulk of winter wheat has been harvested
and the outlook is for 81, 900, 900 bushels
less production than in 1886; the
spring wheat production may be 5,0O0,
900 bushels less, a total crop,
of 417,O00,00O against 457 100000 last year.
A severe drouth has threatened serious
damage to the crops in Ohio, Kentucky,
Indiana, Illinois, Kansas, Missouri and
Iowa, but late telegraphic advices report
rains in Ohio. Illinois, Iowa and Missouri,
which affected prices at once.
Special reports, to Bradstreets of the gross
earnings of 107 railways for June and for
six months during four years show that
June, 1887, earnings increased 13 per cent.
over June, 1886, and q and II per cent. re-
spectively over 1885 and 1894 For six
months of 1887 the increases are: Is per
cent. over 1886, IS over 1895 and 16 per cent.
over 1884 The indications are that the
second half of 1887 will show a somewhat
larger rate of increase over the three pre-
ceding years.
The industrial situation has improved
with the return TO work of the striking
coke burners, and the continuance of a low
ebb to the tide of striking industrial en-
ployes throughout the country. The total
striking for three weeks of July, however,
is over $4,000, or 1900 more than in July,
1886, and promises for the whole of July to
be nearly double the total for June, 1887,
9,700
The official report of the production of
pig iron for six months shows an output at
the rate of 6O51, ,O00 gross tons, an indicated
increase over 1886 of about eight per cent
in spite of the decreased production of at
least 250,O00 tons IN May and June, owing
to the coke strike. The report that stocks
of pig iron unsold in makers and dealers
hands are larger than December 81, is a
surprise, and reflects strangely on many in
a position to know, who have constantly re-
ported stocks lighter than ever or mo iron
on hand"
The movement of staple cotton goods has
-
weight Woolens, have been offered, but
buying has not been conspicuous. Wool IS
as quiet as heretofore, with makers buy
iIg sparingly. Raw cotton has a better
tOne, having lost and regained one and a
six zenith of a cent during the week. Sugar
is in better demand for raw and refined,
with prices tending upward. Coffee, too,
has enjoyed another advance on strong
statistical position in Brazil and confident
and strong holders here.
DUN's REPORT.
r. G. Dun & Co., in their weekly review
of trade, say: With business progressing
well throughout the country, crop pros
poets excellent, iron production larger than
at any previous period and money in
abundant supply, Wall street is disturbed
because a dream it has been chasing for
months suddenly fades away, and Mr..
Garrett announces the failure of Mr.. Ives
to buy the Baltimore q Ohio. The incident
illustrates the weakness of Wall street as
a barometer. For four months the street
has been discounting the beneticent results
of this expected settlement" and all
sorts of purchases, loans, commitments and
calculations have been based thereon. But
for these, the retention of the Baltimore q
Ohio by its old owners would disturb no
body. But now litigation, involving the
value of many properties, direct and
indirect, has been commenced, and may
overcloud with uncertainty for some time,
and meanwhile no one wants to buy share
in a lawsuit.
Wheat at 8I9z,, for No. 2red winter in July
is lower than it has been before in that
month for more than forty years, and close
to the lowest price for that period in any
month This is the direct result of a spec-
ulation which drew many million bushels
from farmers hands, where the cost of
carrying was nothing, into the hands of
dealers who are anxious to unload before
the new wheat comes The 20, O0O, 900 bush
els in a few elevators are heavier than so,
100000 bushels would be in the farmers
barns. Small purchases from farmers for
some time to come are probable, and the
consequent delay in demand for money to
use in crop moving may possibly be help
ful.
specuIations As evidence of the aosorp-
tion of floating capital in fixed forms, and
it's effects, it may be stated that the same
quantities of articles, representing nine
tenths of the aggregate consumption of the
country, which could have been bought a
year ago for Sl00 would now cost only
about s100.30, and they were not four per
cent. higher in January last. So small a
change in prices, after an expansion of
S65, 100000 during the year in circulation, is
surprising.
Cotton is tending downward, with liquid
alton following Beveral important failures,
but goods are comparatively scarce and
prices well mair tained.
Reports from all parts of the country are
uniformly favorable as to the state of trade
for the season, and collections are reported
good or fair at all points save two. The
crop prospects are also pronounced more
favorable, though the extent of the damage
done by drought and insects can not be de
termined. Failure to enforce the Inter-
State act, as was expected, results in disap-
pointment to some localities; but the vol
ume of exchanges and the returns of rail
road earnings show that business is, on the
whole, larger than year ago.
Silver